Miami, FL: C&M Software, LLC, credit & risk analysis cloud solutions firm, today announced the appointment of James Largotta as Chief Executive Officer. In this role, he will assume overall responsibility for C&M Software, LLC including all lines of business and groups within North America.

In 2008, identity theft rose to 22% affecting 9.9 million American adults annually. The average fraud per incident was $4,849, while the total annual fraud amount increased to a staggering $48 billion. At that rate, one of every five Americans will have their identity stolen this year alone. Fraud continues to be a substantial threat and difficulty for the U.S. increasing considerably by 12.6% annually. The average cost of new account fraud is $3197, and typically takes 151 days to detect an occurrence, according to Javelin Strategy and Research.